Russell Investments Group Ltd. Raises Stake in Tapestry, Inc. $TPR

Key Points

• Russell Investments raised its stake in Tapestry by 23.6% to 217,408 shares (about $24.6M), and several other large institutions (Schroder, Norges Bank, MFS, AQR, Marshall Wace) materially increased positions, leaving institutional ownership at **90.77%**.
• Insiders have been net sellers, disposing of 164,956 shares worth roughly $25.3M over the past three months (including sales by VP Manesh Dadlani and Director Anne Gates), reducing insider ownership to 1.32%.
• Tapestry beat quarterly expectations (EPS $2.69 vs. $2.20; revenue $2.50B), set FY2026 guidance of $6.40–$6.45 EPS, has a Wall Street consensus of "Moderate Buy" with an average target of $151.06, and announced a $0.40 quarterly dividend.

Russell Investments Group Ltd. raised its stake in shares of Tapestry, Inc. (NYSE:TPR - Free Report) by 23.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 217,408 shares of the luxury accessories retailer's stock after buying an additional 41,556 shares during the quarter. Russell Investments Group Ltd. owned about 0.11% of Tapestry worth $24,615,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Schroder Investment Management Group grew its stake in Tapestry by 1,661.6% during the second quarter. Schroder Investment Management Group now owns 4,002,818 shares of the luxury accessories retailer's stock valued at $351,487,000 after acquiring an additional 3,775,593 shares in the last quarter. Norges Bank purchased a new stake in Tapestry in the 2nd quarter worth approximately $227,248,000. Massachusetts Financial Services Co. MA lifted its stake in Tapestry by 250.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,449,170 shares of the luxury accessories retailer's stock worth $277,295,000 after purchasing an additional 1,750,566 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Tapestry by 36.0% in the 2nd quarter. AQR Capital Management LLC now owns 3,546,969 shares of the luxury accessories retailer's stock valued at $311,388,000 after purchasing an additional 939,227 shares during the period. Finally, Marshall Wace LLP grew its position in shares of Tapestry by 2,547.4% during the 2nd quarter. Marshall Wace LLP now owns 955,667 shares of the luxury accessories retailer's stock valued at $83,917,000 after purchasing an additional 919,569 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Tapestry news, VP Manesh Dadlani sold 2,147 shares of the company's stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $153.47, for a total value of $329,500.09. Following the completion of the transaction, the vice president directly owned 18,475 shares in the company, valued at approximately $2,835,358.25. This represents a 10.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anne Gates sold 6,498 shares of the firm's stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $153.79, for a total transaction of $999,327.42. Following the completion of the sale, the director directly owned 22,698 shares of the company's stock, valued at approximately $3,490,725.42. This represents a 22.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 164,956 shares of company stock valued at $25,297,262 over the last three months. Insiders own 1.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TPR. Wells Fargo & Company upped their price target on shares of Tapestry from $142.00 to $165.00 and gave the stock an "overweight" rating in a report on Friday, February 6th. Robert W. Baird set a $160.00 price objective on Tapestry in a research note on Friday, February 6th. Wall Street Zen cut Tapestry from a "strong-buy" rating to a "buy" rating in a research report on Sunday, March 8th. Barclays set a $179.00 price target on Tapestry and gave the company an "overweight" rating in a report on Friday, February 6th. Finally, Guggenheim assumed coverage on Tapestry in a research report on Tuesday, December 9th. They set a "neutral" rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $151.06.

Tapestry Stock Performance

Tapestry stock opened at $142.70 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.10 and a debt-to-equity ratio of 4.32. The firm has a market cap of $28.89 billion, a P/E ratio of 58.97, a P/E/G ratio of 1.74 and a beta of 1.55. Tapestry, Inc. has a 1-year low of $58.39 and a 1-year high of $161.97. The firm has a 50-day moving average of $141.70 and a 200-day moving average of $122.64.

Tapestry (NYSE:TPR - Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.20 by $0.49. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the previous year, the business earned $2.00 EPS. Tapestry's revenue was up 14.0% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. Sell-side analysts expect that Tapestry, Inc. will post 4.91 EPS for the current year.

Tapestry Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Friday, March 6th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, March 6th. Tapestry's dividend payout ratio is currently 66.12%.

About Tapestry

Tapestry, Inc is a New York City–based house of fashion brands that designs, produces and distributes a range of accessible luxury and lifestyle products. The company manages a portfolio led by Coach, along with Kate Spade New York and Stuart Weitzman, each offering distinct product lines that include handbags and leather goods, footwear, ready-to-wear apparel, accessories, small leather goods, jewelry and lifestyle items. Tapestry's operations encompass product design, marketing, wholesale partnerships, retail store operations and digital commerce.

Historically, the Coach brand traces its roots to a leather workshop in New York dating to the mid-20th century.

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